Workhorse Bullish Chart (WKHS)In the short term, I expect a squeeze to the 11- 13 area and if it holds, a return to 20.00.
0A3U trade ideas
WKHS Short Squeeze Hello Traders
This week has been brutal for the Longs and a party for the shorts.
Since most of my ideas and publishings are mostly for breakouts and longs .. i have today come up with a YOLO stock.
WKHS has been a swing trade for me before the news of USPS contract came out.
Currently 30 percent of the flot of the stock ( facts check from websites and hedgefund data on the internet ) is on SHORTS.
This might lead the retail traders this way and have another GME or AMC. Aka rediit.
Clean energy has taken a beating for the past few months but this candidate has drone tech in its pipeline and is a good candidate for a short squeeze.
I am in no way advertising or recommending buying this.. that is completely your personal decision, but on the same not the company has potential to get back in the 20-25 dollar range again due to its tech innovations.
I would start with a small position putting a small amount at risk and the technical analysis show a bullish divergence on MACD.
WKHS - Higher low after bullish divergence Gap CloseGap Closing on
R1 -14.25$ + Fibo 0.618
R2 -12.87$ + Fibo 0.5
CL - 9$
Good Risk Reward
$WKHS Target 23.61 for 56.56% (128% from here)$WKHS Target 23.61 for 56.56% (128% from here)
Or next add at 9.29 (5 Day low)
A break above that trendline would be very bullish. If not the next add is at the 5 day low.
Sorry... I know my charts are getting a little bit more complicated by I promise to put out some tutorials soon...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
That of upward momentum ATR and upward bolinger band movement gives me bullish sign With VWAP confirming. What say You?
WKHS - possible inverted head and shoulders - SPECULATIONNOT FINANCIAL ADVICE
Obviously, they are seeing tons of attention from different online communities, Chart explains the technical basis for targets and graphically shows a nice crayon chart. I am NOT trading this as I don't personally see the fundamental benefit with the USPS contract not currently being there. If I was trading this I would look for a good 4hr close above the neckline, then try to buy a retest as close to the neckline as possible, then run a tight trailing stop to take the guessing out of when to exit and let the stop me out in profit. I don't recommend taking a trade solely based on any pattern. People who are in WKHS may want to take some profit if WSB is able to get it over $25 in the short term as it will likely correct soon after.
NOT FINANCIAL ADVICE
My View on WKHSMy entry is around 11.62 -> 11.5. Take profit on the chart. Stoploss below $10.
Clean Energy is currently pulling back after the huge bounce. Trade safe guys. Entry if the price action creates a higher low.
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This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.------------------------------------------------
Wkhs . Gap closelast few days weve seen profit taking in the Ev sector after a bullish june. The bad news with RIDE being investigated will i think fuel the bearish momentum started on this stock. The EV sector leader tesla is also showing weakness.
RSI bearish
MACD bearish deathcross.
Look for a gap close at 11.54 then a bounce and close back over 50ma
WKHS long for me!It's getting up from the bullish flag. Slightly climbing up on the support curve. Also there is a huge volume support level on ~16$ (horizontal line)
Huuuuge gap to be filled (till levels of 30$)
Very bullish on long term.
The volume is increasing in buying!
Very good fundamentals (free of debt, cash in the bank, contracts with UPS and Ryder)
More than 50% of volume is shorted. More than 30% of shares are shorted.
Yesterday shorts were lowered by 7% in a day! And free float stayed almost the same!
Only 115million shares in total!
For me it sounds like a short squeeze :O
I'm going in!
massive gap to fill my gawd this thing could moonshot but it needs to clear a couple key levels. Must clear $18.65, and needs to stay above $13.65 while it consolidates as well.
It does that... not much stopping this thing from gapping higher in the near-to-medium term....
WKHSAfter the seen up-Impuls stock is now in consolidation.
Heavily shorted! stock can anytime move up to the next fibo levels around $20.85 and much more.
WKHS - Update Confirmed BreakoutIn trade @$15.75
A break above $18.50 and she could really fly.
Targeting $25.50
Let's git it dude!
$WKHS Target 24.89 for 52.14%🟢 $WKHS Target 24.89 for 52.14%
Or double position at 7.83
Some nice RSI support here… let’s go…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
$WKHS PT 40-60 and higherWorkhorse Group Inc., a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. It offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
WKHS is gonna flyWKHS is likely forming a cup pattern. I'm gonna watch it to break above the resistance level $17,50 - $18. it might be a slow mover but the potential is big.
🟢 $WKHS Target 24.89 for 52.14%🟢 $WKHS Target 24.89 for 52.14%
Or double position at 7.83
Target is still the same... just cheering her on...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
WKHS - Possible BreakoutTook a small position early when my alert went off.
See what happens right here.
WkhsAll post are my opinions only
All post are based off my investments strategies
here to teach a man to fish for life
